August

ASX: BSR

Maximising Gold Resources in Senegal Africa Downunder Conference - Booth 125

29 – 31 August 2012

August

Disclaimer & Competent Persons Statement This presentation has been prepared by Bassari Resources Limited (“Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation in respect to those securities. No agreement to subscribe for the securities in the Company will be entered into on the basis of the presentation. Bassari Resources Limited makes no representation or warranty (express or implied) as to the accuracy, reliability or completeness of the information.

Bassari Resources Limited and its respective directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information or matters (express or implied) arising out of, contained in or derived from, or any omissions from the Presentation, except liability under statute that cannot be excluded. The presentation contains reference to certain intentions, expectations and plans for Bassari Resources Limited. These intentions, expectations and plans may or may not be achieved. They are based on certain assumptions which may not be met or on which views may differ. The performance and operations of Bassari Resources Limited may be influenced by a number of factors, many of which are outside the control of the Company.

No representation or warranty, express or implied, is made by Bassari Resources Limited or any of its representative directors, officers, employees, advisors, or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Actual results and developments will almost certainly differ materially from those express or purport to be inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements, and opinions contained in this presentation before making any investment decision.

The information in this presentation that relates to Exploration Results and Mineral Resources has been reviewed and approved by Mr Chris Young who is a Member of the Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Young has over 40 years experience in the industry and has more than 5 years experience which is relevant to the style of mineralisation being reported upon to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Young consents to the inclusion in the presentation of the matters based on the information in the form and context to which it appears.

2012

August

Investment Highlights

• Highly prospective ground in West Africa’s Birimian Belt

• Geology - Kenieba Inlier endowed with +50M ounces of gold

• Country - Senegal, politically stable and pro mining

• Permits - Significant exploration package across 850km2 with 80km strike

• Proximity - Close to large scale operating gold mine – Sabodala (~4Mtpa)

• Flagship Makabingui Gold Project - Resource growth potential confirmed

• New discovery – Konkouto Gold Prospect

• Regional exploration program advancing our prospect pipeline

2012

August

Strategic Focus

• Maximising Gold Resources

• Flagship Makabingui Gold Project

• Resource drilling program confirms significant growth potential

• Targeting +1M oz by end of 2012

• Building on 503,000 oz in 6.1 Mt @ 2.6 g/t gold (0.5g/t cut-off) Indicated and Inferred

• Konkouto Gold Prospect

• Gold discovery 35km from Makabingui

• Limited RC & DD drilling program completed

• Independent geological review underway

2012

August

Corporate Details Capital Structure

Ordinary shares on issue: 572.6m

Listed options:

• $0.11 expire 30 November 2012 59.3m

Director & Management options: 5.8m

Market Capitalisation at $0.045: $25.8m

Cash: $7.8m1

Debt: -

Enterprise Value: $18.0m

2012

Experienced Board & Senior Management

Board

John Ballard – Non-Executive Chairman

+35 years experience – Investment banking, corporate

and project development

Jozsef Patarica – Managing Director

+20 years experience – Management, project evaluation

and exploration

Chris Young – Non-Executive Director

+40 years experience – Geologist, exploration and

business development

Senior Management

Ian Riley – CFO & Company Secretary

Chartered Accountant with +35 years experience

Moussa Diba – Exploration Manager

Professional Geologist with +20 years experience

Note 1: As at 30 June 2012

August

SENEGAL, West Africa

SENEGAL DAKAR

• Successful democracy since independence in 1960

• New mining code introduced in 2003

• Politically stable - demonstrated with recent Presidential Election

BASSARI

August

Regional Geology – Birimian Greenstone Belt

2012

• Multiple gold deposits

totalling +50M oz

• A geological setting known

to host world class gold

deposits throughout West

Africa

• Sabodala Gold Operation

(+3Moz) ~ 25km from

Makabingui

• Massawa Gold Project

(+3.5Moz) ~ 25km from

Makabingui

August

Bassari's Strategic Exploration Package

2012

• 850km2 under permit

• 80km strike length of

major crustal shear zone

• Makabingui Gold Project

• Konkouto Gold Prospect

• 12 further Prospects

• 70% interest in 3 granted

exploration permits

August

Flagship Makabingui Gold Project Targeting +1M oz by end of 2012

• Drilling program confirms resource growth potential

• Continuity of mineralisation is confirmed and system remains open at depth, across and along strike

• Current program totals +20,000 metres (~80%) completed with resource drilling continuing

• Sample turnaround time improved with 65% of assay results received

Current Mineral Resource

• 503,000 oz in 6.1 Mt @ 2.6 g/t gold (0.5 g/t cut off) Indicated and Inferred

• Defined to average vertical depth 115 metres

• Resource is part of a much larger system

• Excellent growth potential across/along strike and at depth

• Metallurgy points to high recovery, simple processing

2012

Resource Cut off

Au (g/t)

Tonnage

(Mt)

Au

(g/t)

Au

(oz)

Indicated 0.5 2.7 3.8 328,000

Inferred 0.5 3.4 1.6 175,000

Total 0.5 6.1 2.6 503,000

Source: ASX Announcement 19 December 2011

August

Makabingui Gold Project

2012

• High-grade results

include:

• 6m @ 22.8 g/t gold

• 3m @ 36.6 g/t gold

• 4m @ 8.7 g/t gold

• 6m @ 6.7 g/t gold

• Abundant artisanal

workings throughout

the area

August

Konkouto Gold Prospect

• Limited RC & DD drilling program complete

• Visible gold seen in diamond core

• Mineralisation confirmed at depth with diamond drilling

• Strike length in excess of 600m and open in both directions

• Assay results returned include the following intercepts:

9m @ 11.5 g/t gold

50m @ 2.5 g/t gold

20m @ 3.0 g/t gold

5m @ 4.7g/t gold

3m @ 3.9 g/t gold

• Independent geological review underway

2012

August

High Resolution Airborne Magnetic Survey

• Flying completed in June

2012

• ~ 7,000 line-km flown

• 40 metres ground clearance

• 100 metre line spacing

• Geophysical interpretation on

regional scale complete

• Numerous (+32) targets

identified

• Next step to convert targets

into prospects

Makabingui Gold

Project

August

• 25km strike - 184km2

• Seven high-quality prospects

• Strong soil geochemistry

• New gold discovery at Konkouto

• 50m @ 2.5g/t gold

• 9m @ 11.5g/t gold

• 5m @ 4.7g/t gold

• 20m @ 3.0g/t gold

• Kawsara prospect trench results:

• 5m @ 5.7g/t gold

• 3m @ 3.4g/t gold

Regional Exploration - Moura Permit

August

• 35km strike – 400 km2

• Four high-quality targets

• Strong geochemical anomalies

• Missira Prospect

• Strong termite mound geochemistry

• Lafia North Prospect

• Strong RAB intercepts: 8m @ 12g/t gold,

3m @ 12.2g/t gold, 12m @ 4.8g/t gold

• Wide spaced RC follow-up: 2m @ 11.4g/t

gold, 5m @ 2.0g/t gold, 8m @ 1.4g/t gold

Regional Exploration - Sambarabougou Permit

August

• 20km strike – 268 km2

• Two high-quality prospects

• Strong geochemical anomaly

• Artisanal workings in the area

• Sekhoto Prospect well advanced

• Significant RAB drilling results

• 800 metres strike

Regional Exploration - Bounsankoba Permit

August

EDUCATION

Employment

Roads & infrastructure

Skills development & transfer of knowledge

Social Contribution

WATER MEDICAL

August

Growth Strategy for 2012

• Maximising gold resources

• High-priority resource drilling program at Makabingui in progress, to continue through 2012

• Konkouto Gold Prospect geological review

• Prioritise outcomes of high-resolution aeromagnetic survey

• Regional exploration advancing ongoing geochemical programs on Moura, Sambarabougou and Bounsankoba permits

2012

August

Summary

• Well positioned in a significant gold region – West Africa’s Birimian Belt

• Proven success at Makabingui – 503,000 oz already with resource growth potential confirmed

• Focused drilling program to expand Makabingui resources to +1M oz by end of 2012

• New Gold Discovery at Konkouto with independent geological review underway

• Regional exploration program advancing additional gold prospects

• Experienced Board and Management Team

• Visit us at Booth 125

August

Contact Information

Bassari Resources Limited

Level 17, 500 Collins Street

Melbourne, Victoria 3000

Telephone: +61 3 9614 0600

Facsimile: +61 3 9614 0550

Email: admin@bassari.com.au

Website: www.bassari.com.au

2012